Morse Asset Management Inc Raises Stock Position in Vistra Corp. (NYSE:VST)

Morse Asset Management Inc increased its holdings in Vistra Corp. (NYSE:VST - Free Report) by 275.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,012 shares of the company's stock after buying an additional 14,687 shares during the quarter. Morse Asset Management Inc's holdings in Vistra were worth $2,759,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Avior Wealth Management LLC grew its position in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in Vistra by 616.0% during the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock valued at $25,000 after buying an additional 154 shares in the last quarter. Founders Capital Management purchased a new position in shares of Vistra in the fourth quarter worth $28,000. West Branch Capital LLC purchased a new position in shares of Vistra in the fourth quarter worth $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the fourth quarter worth $28,000. 90.88% of the stock is owned by institutional investors.

Vistra Trading Up 3.0%

NYSE VST traded up $4.49 on Friday, hitting $156.55. 6,240,577 shares of the stock were exchanged, compared to its average volume of 7,564,041. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. Vistra Corp. has a 52-week low of $66.50 and a 52-week high of $199.84. The firm has a market capitalization of $53.25 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.12 and a beta of 1.16. The stock has a fifty day moving average price of $125.42 and a two-hundred day moving average price of $142.12.

Vistra Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.57%. This is an increase from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Wednesday, June 18th. Vistra's dividend payout ratio is presently 14.15%.

Insider Activity at Vistra

In other Vistra news, Director John William Pitesa purchased 1,500 shares of Vistra stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $126.75 per share, for a total transaction of $190,125.00. Following the completion of the acquisition, the director now owns 3,467 shares in the company, valued at $439,442.25. This represents a 76.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares of the company's stock, valued at approximately $6,341,513.97. The trade was a 32.10% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

VST has been the subject of several research reports. Bank of America raised shares of Vistra from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $164.00 to $152.00 in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a report on Friday, March 28th. The Goldman Sachs Group assumed coverage on Vistra in a research note on Friday, April 4th. They issued a "neutral" rating and a $134.00 price objective on the stock. Daiwa Capital Markets started coverage on Vistra in a research report on Wednesday, March 5th. They set a "neutral" rating and a $120.00 target price for the company. Finally, BMO Capital Markets raised their target price on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $166.67.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.